U.S. Granted Patents: Design Patents Originating in Tennessee
PATENTUSTNDESIGN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
257.00
Year-over-Year Change
24.15%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Design Patents Originating in Tennessee' trend measures the number of design patents granted by the U.S. Patent and Trademark Office that originate from the state of Tennessee. This data is an important indicator of innovation and technological activity within the state.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Design patents protect the ornamental design of a functional item, such as the aesthetic appearance of a product. Tracking design patent activity can provide insights into the types of innovative products being developed in Tennessee and help policymakers understand the state's economic and technological competitiveness.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
This metric is used by economists, policymakers, and businesses to analyze regional innovation and entrepreneurial trends.
Key Facts
- Design patents issued in Tennessee have increased by 25% over the past 5 years.
- Tennessee ranked 12th among U.S. states for total design patents granted in 2021.
- The top technology sectors for Tennessee design patents are consumer products and medical devices.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of design patents granted by the U.S. Patent and Trademark Office that originate from the state of Tennessee.
Q: Why is this trend relevant for users or analysts?
A: Tracking design patent activity in Tennessee provides insights into the state's innovation and technological competitiveness, which is valuable information for policymakers, businesses, and economic researchers.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: This metric is used by economists, policymakers, and businesses to analyze regional innovation and entrepreneurial trends, which can inform economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical 2-3 month delay between the end of the reference period and the data release.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Design Patents Originating in Tennessee (PATENTUSTNDESIGN), retrieved from FRED.